2nd Oct 2007 07:00
Rift Oil PLC02 October 2007 For Immediate Release 2 October 2007 RIFT OIL PLC Award of share options Rift Oil PLC (LSE : RIFT), (the "Company") announces that a total of 17,500,000options have been awarded as follows: Name Position Number of Options Granted Ian Gowrie-Smith Chairman 3,000,000 John Bentley Non Executive Director 1,500,000 Peter Mikkelsen Non Executive Director 1,500,000 David Bennett Non Executive Director 1,500,000 Jenni Lean Chief Executive Officer 5,000,000* David Lees Finance Director 3,000,000** London staff 1,000,000 Papua New Guinea staff 1,000,000 * In addition to 664,000 previouslyawarded to Jenni Lean at a 3p exerciseprice ** In addition to the 830,000 previouslyawarded to David Lees at a 3p exerciseprice Current Option Award 17,500,000 Total Options In Issue Post Award 18,994,000 Options can be exercise after three years and no later than ten years from thedate of grant. The exercise price is 3.75p. To qualify, the closing mid marketprice for the five days prior to the options being exercised must exceed 6p. For further information please contact:Rift Oil PLC 020-73409970 David Lees, Finance DirectorBuchanan CommunicationsTim Anderson, Isabel Podda 020-74665000 RBC Capital MarketsAndrew Smith, Martin Eales 020-70297881 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Rift Helium